Effective Probate administration is the only way to ensure that your assets move to your designated heirs after your death. Proper administration, combined with a comprehensive and legally binding Will, can make the Probate process quicker and less costly.
The only party with the ability to administer an Estate is your personal representative. You can nominate this individual in your Will. A Woodstock Probate administration lawyer is prepared to assist with this role. Our caring attorneys at Nelson Elder Care Law can ensure your Estate receives the attention needed to follow your wishes.
No person or organization plays a larger role in Probate administration than an executor. These parties have the sole authority to take temporary control of your assets, pay all legitimate creditors, and distribute the remaining Estate property to your designated beneficiaries.
The Official Code of Georgia Annotated § 53-7-1 says that a personal representative is a fiduciary with an obligation to settle the Estate as quickly as possible and with minimal loss of value. In other words, your personal representative must act only in the interests of your Estate and heirs.
While it may seem like personal representatives acting in this way is a sure thing, the unfortunate truth is that some parties are unable or unwilling to properly serve in this role. Furthermore, others may intentionally attempt to cheat heirs out of their fair share of their inheritance. A Woodstock Probate administration attorney takes these responsibilities seriously and could help your executor perform an efficient and compliant administration of your Estate.
While state law clearly states the general obligation of personal representatives administering an Estate in Probate, the exact steps that they must take are less obvious. Our Woodstock attorneys could ensure that your executor properly administers your Estate in Probate.
Once a personal representative receives letters testamentary that empower them to act on behalf of an Estate, they should immediately open bank accounts and other financial instruments to help assets retain value. This could include obtaining insurance protection on physical property or hiring maintenance companies to keep an asset in working order.
State law requires representatives to submit regular status reports to the court concerning their activities under O.C.G.A. § 53-7-67. In addition, a personal representative must submit a final report to the court when they believe that the time has come to bring the Estate to a close.
The Probate process ensures that your friends and family members receive their fair share of your assets after your death. The best way to work toward this positive outcome is to nominate a party with the knowledge and experience needed to serve as an effective personal representative of your Estate. A Woodstock Probate administration lawyer is ready to assist with this role. Reach out to Nelson Elder Care Law now to discuss your needs with a Woodstock Probate administration lawyer.
I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.
The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!
Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.
Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!
I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!